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April

29
2024
Industry News

CFPB and DOT Hosting Joint Hearing on Credit Card and Airline Rewards Programs

In furtherance of the Biden Administration’s “junk fee” agenda, on Thursday, May 9, 2024, the Consumer Financial Protection Bureau and the U.S. Department of Transportation will host a hearing on airline and credit card rewards programs.

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April

29
2024
Industry News

Nebraska Enacts Comprehensive Data Privacy Law

On 17 April, 2024, Nebraska Governor Jim Pillen signed into law omnibus Legislative Bill 1074, which includes the Nebraska Data Privacy Act, making Nebraska the seventeenth state to adopt comprehensive data privacy legislation.

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April

29
2024
Trends

Here's how much credit card debt the average American has (and how to pay it off)

The current high interest rate environment is putting a strain on many Americans' finances. After years of keeping rates near zero to stimulate the economy during the pandemic, the Federal Reserve aggressively increased rates starting in early 2022 to cool stubbornly high inflation. While the Fed has kept rate hikes paused for the last several meetings, the federal funds rate currently stands at its highest level in 23 years.

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April

29
2024
Industry News

Colorado lawmakers consider landmark artificial intelligence regulations

Colorado could be one of the first states to broadly regulate generative artificial intelligence, as lawmakers consider the balance between setting guardrails on a potentially-harmful technology and stifling innovation and entrepreneurship.

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April

29
2024
Trends

CFPB Finds 15 Million Americans Have Medical Bills on Their Credit Reports

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released research showing that 15 million Americans still have medical bills on their credit reports despite changes by Equifax, Experian, and TransUnion.

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